TNR says received merger approach from unnamed firm

Toronto-listed junior TNR Gold Corp has received an offer from an unnamed company to merge with it to acquire its disputed Argentinean copper-gold properties, the company said late on Friday. TNR did not say what company made the proposal or how...

McEwen Mining gold, silver output dip

TSX- and NYSE-listed McEwen Mining on Wednesday said first-quarter production at the San Jose mine totalled 1.36-million ounces of silver and 20 357 oz of gold – down from production in the same period last year. The San Jose mine, in which...

McEwen holds 33% of treasury in gold and silver

McEwen Mining, the product of the January fusion of US Gold and Minera Andes, said on Thursday its San Jose mine in Argentina produced 1.45-million ounces of silver and 20 934 oz of gold in the fourth quarter. The TSX- and NYSE-listed firm also...

Plethora of precious metals entrants leaves some vulnerable, says McEwen

Prepare for more mergers and acquisitions in the precious metals space as a flood of new entrants leaves some of them suffering from market neglect, Rob McEwen, who merged two miners to form McEwen Mining said this week. The midtier and senior...

Minera Andes and US Gold shareholders green-light combination

US Gold and Minera Andes shareholders on Thursday voted in favour of the gold and silver producers merging to form McEwen Mining, with the new company set to start trading on the NYSE and TSX by the end of January. The deal is a major step in the...

McEwen's Minera Andes snubs TNR's settlement offer seeking $125m

US Gold and Minera Andes, the precious metals miners that are set to vote on a merger later this month, rejected an offer from TSX-V-listed TNR Gold to settle a dispute over land claims in Argentina in return for a $125-million payment from Minera...

US Gold, Minera Andes revise merger ratio

Mining investor Rob McEwen's Minera Andes and US Gold, which he proposed to combine in June, have agreed to negotiate a new deal that will see US Gold shareholders owning slightly more of the merged entity than previously proposed. The companies...

US Gold hires COO

Toronto-based US Gold has appointed William Faust as COO from August 1, the company said on Wednesday. Faust worked most recently as COO at Crystallex International, and has also worked for Nevada Pacific Gold, Pan American Silver and Eldorado Gold.

Hochschild first-half output down, says on track for full-year target

Mexico's Hochschild Mining produced 11.1-million ounces of silver in the first half of this year, 13% less than a year earlier because of lower grades mined at its two main Peruvian operations, but said it still expects to meet output targets for...

McEwen wants $5bn market cap by 2015

Goldcorp founder Rob McEwen has announced plans to merge two junior companies he runs into a new Americas-focused miner, and wants the merged entity, to be named McEwen Mining, to qualify for the S&P 500 index by 2015. McEwen is the CEO,...

Minera Andes defers spin-out of Argentina copper project

TSX-listed Minera Andes will defer the planned spin-out of its Los Azules copper project into a new company, the firm said, citing “weaker financial markets, financing uncertainties, and a delayed legal decision”. A court case, brought by...

Production resumes at San Jose mine

Production was scheduled to resume this week at the San Jose mine, in Argentina, after striking workers agreed to resume operations while the details to end a dispute were worked out, Minera Andes said in a statement. Minera Andes owns 49% of the...